ARCAT (ARCAT) and Arclight Finance (ARCLIGHT) compared side by side. Over the past 30 days, ARCAT is ahead by 47.0 percentage points (ARCAT -48.5% against ARCLIGHT -95.5%). Their daily returns move barely in opposite directions (correlation -0.06 across 25 shared trading days). ARCLIGHT has been the more volatile of the two, at 125275% annualised against ARCAT's 21925%.
$3.795e-5
ARCATARCLIGHT
-0.06over 25 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | ARCAT | ARCLIGHT |
|---|---|---|
| Max drawdown (400d) | -98.1% | -99.8% |
| Risk-adjusted return (90d) | 0.00 | 0.00 |
Relative strength over 90 days: ARCLIGHT outperformed ARCAT by 33.0% — measured on the ARCAT/ARCLIGHT ratio, so it holds regardless of market direction.